Barclays Has Lowered Expectations for TELUS International (Cda) (NYSE:TIXT) Stock Price

TELUS International (Cda) (NYSE:TIXT - Free Report) had its price objective lowered by Barclays from $5.00 to $3.00 in a report released on Friday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other analysts also recently weighed in on TIXT. Stifel Nicolaus started coverage on TELUS International (Cda) in a report on Thursday, January 16th. They set a "buy" rating and a $5.00 price target for the company. TD Securities raised their price target on shares of TELUS International (Cda) from $3.75 to $4.00 and gave the company a "hold" rating in a research report on Friday, February 14th. Finally, Stifel Canada raised TELUS International (Cda) to a "strong-buy" rating in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $5.21.

TELUS International (Cda) Trading Down 3.2 %

TELUS International (Cda) stock traded down $0.08 during trading hours on Friday, reaching $2.42. 67,578 shares of the company's stock were exchanged, compared to its average volume of 399,611. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. The firm's 50 day simple moving average is $2.66 and its 200 day simple moving average is $3.39. TELUS International has a twelve month low of $2.13 and a twelve month high of $8.47. The firm has a market capitalization of $667.07 million, a PE ratio of -6.91, a PEG ratio of 4.71 and a beta of 0.71.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03). TELUS International (Cda) had a positive return on equity of 5.73% and a negative net margin of 2.30%. The business had revenue of $691.00 million for the quarter, compared to analyst estimates of $672.44 million. Research analysts predict that TELUS International will post 0.32 earnings per share for the current year.

Institutional Trading of TELUS International (Cda)

A number of institutional investors have recently added to or reduced their stakes in TIXT. Aquatic Capital Management LLC bought a new position in TELUS International (Cda) in the 4th quarter worth about $37,000. Two Sigma Securities LLC bought a new position in TELUS International (Cda) during the 4th quarter worth approximately $42,000. Bayesian Capital Management LP bought a new position in TELUS International (Cda) during the 4th quarter worth approximately $45,000. Virtu Financial LLC bought a new stake in shares of TELUS International (Cda) in the 3rd quarter worth approximately $54,000. Finally, PDT Partners LLC bought a new position in TELUS International (Cda) in the 4th quarter worth $61,000. Hedge funds and other institutional investors own 59.55% of the company's stock.

About TELUS International (Cda)

TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally. The company provides digital experience solutions, such as AI and bots, omnichannel CX, enterprise mobility solutions, cloud contact center, big data analytics, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, contact center outsourcing, technical support, sales growth and customer retention, healthcare/patient experience, and debt collection.